Although not an insurer or guarantor of the fairness of the presentations in the statements, the auditor has considerable responsibility for notifying users whether the statements are properly stated.

Question

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The statement is true. The auditor is responsible for expressing an opinion on whether the financial statements are presented fairly in all material respects in accordance with the applicable financial reporting framework, which includes notifying users if the statements are not properly stated. However, it is important to note that the auditor does not provide any guarantee or assurance regarding the future performance of the company or the accuracy of its financial projections.

Although Not an Insurer or Guarantor of the Fairness of the Presentations